Greystar Management, the largest apartment manager in the U.S., has agreed to halt its use of a certain algorithm program to set prices under a Department of Justice (DOJ) proposed settlement aimed at ending the company’s alleged rental price fixing.
Greystar, which manages almost 950,000 apartments nationwide, allegedly shared data with five competitors in order for the RealPage algorithm program to generate pricing recommendations, DOJ’s Antitrust Division said in the proposed settlement.
